Support you Deserve

We offer a broad range of services to help you secure a sound financial future. You've worked hard to get where you are. You deserve a firm that works hard for you.

Tax Planning Services

Tax planning for businesses, other entities, and individuals can be challenging.  Such things as unemployment, social security, legal settlements, and investments can result in unexpected tax liabilities.

Jeanine's professional education and experience in finance, accounting, taxation, and paralegalism qualifies her to help you with tax planning services.  She can work with you and/or your clients, as part of a team with your own professionals, or under another mutually agreeable arrangement.

IRS: Unemployment compensation is taxable;

Have tax withheld now and avoid a tax-time surprise

IR-2020-185, Aug. 19, 2020

WASHINGTON – With millions of Americans now receiving taxable unemployment compensation, many of them for the first time, the Internal Revenue Service today reminded people receiving unemployment compensation (beneficiaries) that they can have tax withheld from their benefits now to help avoid owing taxes on this income when they file their federal income tax return next year.

By law, unemployment compensation is taxable and must be reported on a 2020 federal income tax return. Taxable benefits include any of the special unemployment compensation authorized under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, enacted this spring.

Withholding is voluntary. Federal law allows any beneficiary to choose to have a flat 10% withheld from their benefits to cover part or all of their tax liability. To do that, fill out  Form W-4V, Voluntary Withholding Request (PDF), and give it to the agency paying the benefits. Don’t send it to the IRS. If the payor has its own withholding request form, use it instead.

If a beneficiary doesn’t choose withholding, or if withholding is not enough, they can make quarterly estimated tax payments instead. The payment for the first two quarters of 2020 was due on July 15. Third and fourth quarter payments are due on Sept. 15, 2020, and Jan. 15, 2021, respectively. For more information, including some helpful worksheets, see Form 1040-ES and Publication 505, available on

Here are some types of payments taxpayers should check their withholding on:

  • Unemployment compensation includes: Benefits paid by a state or the District of Columbia from the Federal Unemployment Trust Fund
  • Railroad unemployment compensation benefits
  • Disability benefits paid as a substitute for unemployment compensation
  • Trade readjustment allowances under the Trade Act of 1974
  • Unemployment assistance under the Disaster Relief and Emergency Assistance Act of 1974, and
  • Unemployment assistance under the Airline Deregulation Act of 1978 Program

Beneficiaries who return to work before the end of the year can use the IRS Tax Withholding Estimator to make sure they are having enough tax taken out of their pay. Available only on, this online tool can help any worker or pension recipient avoid or lessen their year-end tax bill or estimate the refund they want.

In January 2021, beneficiaries should receive a Form 1099-G, Certain Government Payments (PDF) from the agency paying the benefits. The form will show the amount of unemployment compensation they received during 2020 in Box 1, and any federal income tax withheld in Box 4. Taxpayers report this information, along with their W-2 income, on their 2020 federal tax return. For more information on unemployment, see Unemployment Benefits in Publication 525.

IRS: Compensación por desempleo es tributable; retenga impuestos ahora y evite una sorpresa a la hora de impuestos

IR-2020-185SP, 19 de agosto de 2020

WASHINGTON - Con millones de estadounidenses que ahora reciben compensación por desempleo tributable, muchos de ellos por primera vez, el Servicio de Impuestos Internos les recordó hoy a los beneficiarios que pueden retener impuestos fácilmente de sus beneficios ahora para ayudar a evitar adeudar impuestos sobre estos ingresos cuando presenten su declaración de impuestos federales el próximo año.

Por ley, la compensación por desempleo es tributable y debe incluirse en una declaración de impuestos federales de 2020. Los beneficios tributarios incluyen cualquiera de la compensación especial por desempleo autorizada bajo la Ley de Ayuda, Alivio y Seguridad Económica en Repuesta al Coronavirus (CARES), promulgada esta primavera.

Aunque la retención es voluntaria, la ley federal permite que cualquier beneficiario opte por que se le retenga un 10 por ciento fijo de sus beneficios para cubrir parte o la totalidad de su responsabilidad tributaria. Para hacerlo, deben completar el Formulario W-4V, Solicitud de retención voluntaria (en inglés, PDF) y entregárselo a la agencia que paga los beneficios. No se envía al IRS. Si el pagador tiene su propio formulario de solicitud de retención, úselo en su lugar.

Si un beneficiario no elige la retención, o si la retención no es suficiente, puede hacer pagos trimestrales de impuestos estimados en su lugar. El pago de los dos primeros trimestres de 2020 venció el 15 de julio. Los pagos del tercer y cuarto trimestre vencen el 15 de septiembre de 2020 y el 15 de enero de 2021, respectivamente. Para obtener más información, que incluyen algunas hojas de trabajo útiles, consulte el Formulario 1040-ES (en inglés y la Publicación 505 (en inglés), disponibles en

Estos son algunos tipos de pagos para los cuales los contribuyentes deben verificar la retención:

  • Beneficios de desempleo incluyen: Beneficios pagados por un estado o el Distrito de Columbia del Fondo Federal de Fideicomiso para Desempleo
  • Beneficios de compensación por desempleo para empleados ferroviarios
  • Beneficios por discapacidad pagados en sustitución de la compensación por desempleo
  • Concesiones por reajustes comerciales bajo la Ley de Comercio (Trade Law) de 1974
  • Asistencia por desempleo bajo la Ley de Asistencia para el Alivio en Desastres y Emergencias (Disaster Relief and Emergency Act) de 1974, y
  • Asistencia por desempleo bajo el Programa de la Ley de Desregulación de Aerolíneas de 1978 (Airline Deregulation Act of 1978 Program)

Los beneficiarios que regresan al trabajo antes de fin de año pueden usar el Estimador de Retención de Impuestos del IRS para asegurarse de que se les retiene la cantidad correcta de impuestos de su paga. Disponible solamente en, esta útil herramienta en línea puede ayudar a cualquier trabajador o beneficiario de pensión a evitar o disminuir una factura de impuestos al final del año o incluso a obtener el reembolso deseado.

Durante enero de 2021, cualquier beneficiario normalmente recibirá un Formulario 1099-G, Ciertos Pagos del Gobierno (en inglés) de la agencia que paga los beneficios. El formulario indicará el monto de la compensación por desempleo que le pagaron durante 2020 en la casilla 1 y cualquier impuesto federal sobre ingresos retenidos en la casilla 4. Los contribuyentes declaran esta información, junto con sus ingresos de W-2, en su declaración de impuestos federales de 2020. Para obtener más información acerca del desempleo, vea la sección, Beneficios por desempleo en la Publicación 525 (en inglés).


Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income.

We make it a priority to enhance our mastery of the current tax law, complex tax code, and new tax regulations by attending frequent tax seminars.

Businesses and individuals pay the lowest amount of taxes allowable by law because we continually look for ways to minimize your taxes throughout the year, not just at the end of the year.

We recommend Tax Saving Strategies that help you...

  • grow and preserve assets by keeping Uncle Sam out of your pockets.
  • defer income so you can keep your money now and pay less taxes later.
  • reduce taxes on your income so you keep more of what you make.
  • reduce taxes on your estate so your family keeps more of what you've made.
  • reduce taxes on your gifts so you can give more.
  • reduce taxes on your investments so you can grow your wealth faster.
  • reduce taxes on your retirement distributions so you can retire in style.

Here's just a few of the Tax Saving Strategies we use...

  • Splitting income among several family members or legal entities in order to get more of the income taxed in lower bracket.
  • Shifting income or expenses from one year to another in order to have them fall where it will be taxed at a lower rate.
  • Deferring tax liabilities through certain investment choices such as pension plans, contributions and other similar plans.
  • Using certain investments to produce income that is tax exempt from either federal or state or both taxing entities.
  • Finding tax deductions by structuring your money to pay for things you enjoy, such as a vacation home.

Remember, we work for you not for the IRS. Many of our clients save many times the fee in reduced tax liability through careful planning and legitimate tax strategies.

Your appointments may be scheduled at 24/7.  Once on the page, please select the 15-minute phone call option.  A calendar of openings will populate so that you may click on the opening you want.  Complete the required information on the form and hit the submit button when finished.  You will receive a confirmation once complete and an e-mail notification will go to your e-mail box.  Jeanine will be informed of your appointment and will call you at the phone number you provide at the scheduled time.  

Don’t wait — schedule estimated and other tax payments in advance

The IRS provides two free electronic payment options where you can schedule your estimated and other federal tax payments: • Direct Pay allows you to schedule up to 30 days in advance.  • Electronic Federal Tax Payment System (EFTPS) lets you schedule up to 365 days in advance. Direct Pay allows you to pay from your bank account for free. Learn more about estimated taxes at

Tax Strategies for Individuals


Learn how to lower your taxes with these legitimate tax saving strategies.


Tax Saving Strategies: A Helpful Checklist
Travel and Entertainment: Maximizing the Tax Benefits
The "Nanny Tax" Rules: What To Do If You Have Household Employees
Higher Education Costs: How To Get The Best Tax Treatment
Selling Your Home: How To Minimize the Tax On the Gain
The Deductibility of Points
Annuities: How They Work and When You Should Use Them
Retirement Plan Distributions: When To Take Them
Retirement Plan Distributions: How To Take Them
Roth IRAs: How They Work and How To Use Them
Mutual Fund Taxation: How To Cut The Tax Bite
Advanced Charity Techniques: Maximizing Your Deduction
Charitable Contributions of Property: Maximizing the Deduction
Charitable Contributions: How To Give Wisely


Tax Saving Strategies: Frequently Asked Questions
Travel and Entertainment: Frequently Asked Questions
"Nanny Tax" Rules: Frequently Asked Questions
Tax Benefits of Higher Education: Frequently Asked Questions
Annuities: Frequently Asked Questions
Retirement Assets: Frequently Asked Questions
Mutual Funds: Frequently Asked Questions
Traditional vs Roth IRAs: Frequently Asked Questions
Recordkeeping: Frequently Asked Questions
Charitable Contributions: Frequently Asked Questions
Charitable Deductions: Frequently Asked Questions

Please contact us if you are in need of tax planning conculting.  We will be glad to engage with you on an hourly, monthly, or project basis.  

Your appointments may be scheduled at 24/7.  Once on the page, please select the 15-minute phone call option.  A calendar of openings will populate so that you may click on the opening you want.  Complete the required information on the form and hit the submit button when finished.  You will receive a confirmation once complete and an e-mail notification will go to your e-mail box.  Jeanine will be informed of your appointment and will call you at the phone number you provide at the scheduled time.  

If you'd like to receive more information about our Tax Planning Service, please complete this form.

Please schedule a free 15-minute phone consultation with Jeanine at to discuss your needs and concerns.  A proposal with pricing will follow upon mutual request.

What Others Say

View Our Client Reviews